Citigroup Forecasts Strong Price Appreciation for Intermediate Capital Group (LON:ICG) Stock

by · The Markets Daily

Intermediate Capital Group (LON:ICG – Get Free Report) had its price target boosted by equities researchers at Citigroup from GBX 2,470 to GBX 2,550 in a note issued to investors on Monday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 23.31% from the company’s current price.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada increased their price objective on shares of Intermediate Capital Group from GBX 2,400 to GBX 2,470 and gave the stock a “buy” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. increased their price target on shares of Intermediate Capital Group from GBX 2,649 to GBX 2,736 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 2,450 target price on shares of Intermediate Capital Group in a research report on Wednesday, November 19th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Intermediate Capital Group currently has a consensus rating of “Buy” and an average target price of GBX 2,561.20.

View Our Latest Report on ICG

Intermediate Capital Group Stock Performance

ICG stock traded down GBX 32 during trading on Monday, hitting GBX 2,068. The stock had a trading volume of 340,116 shares, compared to its average volume of 4,326,262. Intermediate Capital Group has a 1-year low of GBX 1,539 and a 1-year high of GBX 2,468. The stock has a market cap of £6.01 billion, a price-to-earnings ratio of 10.16 and a beta of 1.97. The company’s 50 day moving average price is GBX 2,025.07 and its two-hundred day moving average price is GBX 2,088.46.

Intermediate Capital Group (LON:ICG – Get Free Report) last announced its earnings results on Tuesday, November 18th. The company reported GBX 103.70 earnings per share (EPS) for the quarter. Intermediate Capital Group had a net margin of 48.22% and a return on equity of 21.46%. As a group, sell-side analysts forecast that Intermediate Capital Group will post 166.6666667 earnings per share for the current fiscal year.

About Intermediate Capital Group

(Get Free Report)

ICG (LSE: ICG) is a global alternative asset manager with $124bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital.

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